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>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >> this is the fiscal cliff only. if you make $20,000 to $40,000, your taxes will go up, $1,231. move out with me, $40,000 to $64,000 a year, a $2,000 tax bill right there. $2,000. $64,000 to $108,000, 3,500 more in taxes you're going to pay. take a look at $108,000 and up, another $14,000 in taxes. you can see the more money you take, the more you're going to pay in taxes if the u.s. goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the
>>> you like taxes? i've got taxes for you. christine romans is here to talk about the very serious issue of the fiscal cliff and what it means for your bottom line. literally your bottom line. plug for your show. >> the bottom line is you're going to pay more in taxes next year either because you'll go off the fiscal cliff or because payroll tax is going to expire. taxes are likely rising next year. >> real numbers for people who make certain amounts of money. >>...
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Oct 2, 2012
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the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect anything to happen until after the election on november 6th. it's going to come down the wire. the big worry is that we could go into a recession if congress doesn't get their act together in time. >> even if we don't fall off a fiscal cliff, there's a chance that at least some of the tax increases will go into effect. >> exactly. some taxes could still go up even if congress avoid a full fiscal cliff. a good example is the payroll tax credit. expect that to expire no matter what. the reality is there's no champion behind it. the white ho
the bush era tax use expire. health reform taxes kick in opinion 88% americans would pay more in taxes. >> how likely do we think the tax increases will kick in. >> cnn money asked 17 economists what do you think whether or not congress can get a deal done in time and the answer was unanimous, all 17 said, you know what? you're not going to go off the fiscal cliff. for them it's just a guess. those economists are putting a lot of faith in congress and the reality is don't expect...
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plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help -- >> i'm sorry. is he going to be more specific on what type of loopholes he is talking about, exemptions, to offset these tax cuts that he is proposed to grow the economy. is he going to provide more specifics? >>. >> when president romney works on the economy and health care issues, he will do it in an open and transparent way. they've already said they want to have congress and everybody involved and when governor romney was governor in massachusetts, he worked with an 85% legislator -- legislature and was able to cut taxes over a dozen times while he was cutting spending, but did he it collaboratively, o
plus, more people will be out of work because of the small business tax increases from obama care, so what mitt romney is going to talk about is appeal to how we can do so much better. we need to invest in small businesses in latinos and women and, you know, people who are coming to this country often are starting small businesses, and that's -- we can't be putting new taxes on those small businesses, and we need to have new health care. >> is he going to get -- >> will also help --...
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Oct 7, 2012
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i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about, you asked earlier about a politician potentially using drugs and alcohol. those kinds of chemicals affect their judgment and their decision-making ability when they have to make public policy, don. >> good point. >> that's a little different than someone reading the news and being judged for what she looks like, instead of how she thinks and what she does. >> go ahead, emme. >> absolutely, i agree with you, doctor. i think we have to take a look at this. the people who are larger in this country, it is the last laugh. it is the joke that's acceptable. it is truly -- there are children that are committing suic
i know but -- >> he's the governor, health care and obesity are important issues, overweight people tax the system much like smokers, is that an issue? >> the fact that he came out and became vulnerable is really what it's about and would have earned him those votes. look at obama telling america, i'm going to quit smoking for you, i'm going to work for it. michelle saying, watch him, let me know how he's doing. so i think the point is, we all have foibles. but when you talk about,...
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Oct 5, 2012
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by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month, and the unemployment rate, as you know, this year has come down very slowly, but it's come down, nonetheless. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. if you just drop out of the work force, if you just give up and say, look, i can't go back to work, i'm just going to stay home, if you just drop out altogether, why, you're no longer part of the employment statistics, so it looks like unemployment is getting better
by the way, when you take that together with state income tax and real estate tax and gasoline tax and -- that means that small businesses that are highly acceptable will give half of what they've got to the government. that's going to kill jobs. i don't want to kill jobs. my priority is creating jobs. i'll help small business do that with everything i can do. now, we can do better. we don't have to stay on the path we've been on. we can do better. there was a report that just came out this...
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Oct 2, 2012
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the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do you think congress will get a deal done in time? and that's unanimous. all 17 said yes. they don't think we're going to go over the fiscal cliff meaning everything all at once won't happen. not to say that little pieces of it won't go away. but remember, this is just a guess. those economists, they're putting a whole heck of a lot of faith in congress. that's taking a leap. and as i said, nothing's expected to happen until after november 6th. get ready for this to come down to the wire, something that congress has done often times, the best at procrastinating, aren't they? and that's a big worry b
the payroll tax holiday, that would expire, the health reform taxes, those would kick in. guess what? it would all mean less money in our wallets. carol? >> wow. well, you have to think that when congress looks at those numbers, lawmakers would get together and sing for the good of the american taxpayer. >> well, you know what? they're certainly not doing it before election day, don't count on that, but there is good news. that cnn money asked 17 economists, what do you think? do...
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Oct 1, 2012
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. >> the term has been more than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action, same-sex marriage, voting rights and abortion are all likely to come up this term which kicks off monday. >> there's some very exciting cases already on the docket. there's a lot more in the pipeline that may -- the courts could be making a decision on soon. >> reporter: another set of big decisions will bring even more scrutiny on the chief justice. rumors surfaced that the health care ruling he authored caused a personal rift with fellow conservative colleagues including justice antonin scalia. >> no. i haven't had a falling out with justice roberts. >> no words exchange
. >> the term has been more than usually taxing. some have called it the term of the century. >> reporter: now three months later the court is back. there are no signs of it cooling down. >> the justices are moving from the frying pan right into the fire. they are tackling some of the most difficult legal questions of the day. across the board probably the biggest term in at least a decade. >> reporter: cases involving the contentious issues of affirmative action,...